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Japan's Sharp planning to seek aid from main lenders - source

Mar 03, 2015    

TOKYO (Reuters) - Embattled Japanese electronics maker Sharp Corp (6753.T) is preparing to seek aid from its two main lenders, a source with direct knowledge of the matter said, as it expects impairment losses from unprofitable businesses to mount this year.Shares in Sharp plunged more than 9 percent in early trade.Osaka-based Sharp last month warned it would slip into its third annual net loss in four years, saying a supply glut squeezed sales of smartphone displays in China, the business line it had counted on for growth. It had said it's rethinking its businesses. [ID:nL4N0VC1J8]Sharp is lo...

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